Sending money through traditional digital methods can be a slow and costly thing. In a recent ad published by Ripple, it is possible to see how the current financial system can be corrupted. The ad can be seen in Ripple’s official Twitter account. Ripple’s new XRP text product was released by XRP developers.
Ripple offers new solutions to cross-border payments
The existing financial system for sending and receiving international payments does not operate effectively. Transactions take a long time to settle and costs are very high. However, there is a solution in the crypto money market. The ad shows that payments can be made in less time if the money is sent by plane.
Ripple Krypto is one of the most valuable companies in the money market. Different products and services for financial institutions who want to improve their services. Users who want to send money abroad in just a few steps can do so using XRP.
With XRP text, it is possible to send XRP to your personal wallet and any mobile number. This service works even if the recipient has never used this platform. Users who want to use them do not have to register themselves. Also, you don’t have to give any important information. The XRP text platform is a public beta version that is currently trying to solve future problems. Those who want to know how this technology works, you can see the presentation below:
“The higher the price of XRP, the more Ripple payments can grow.”
The new XRP text was released by popular XRP developers WietseWind. Since it was created a few weeks ago, it is said to be developer errors and other errors. David Schwartz, chief cryptographer at the XRP, stresses that if the XRP wants to deal with larger transactions, it should raise its price. David Schwartz says::
When bitcoins were sold for $ 1, you couldn’t use them to buy or sell a house. You can do it now. Larger operations require a larger value. The higher the price of the XRP, the bigger the Ripple payments.
Can XRP text trigger a bull run?
Ripple will continue to grow. If the market recovers, we can see a new bull run at XRP. The third largest crypto currency on the market is currently trading around $ 0.44 and the market value is $ 17.8 billion.